21.08.202507:37:28UTC+00Platinum Slips Ahead of Jackson Hole

Platinum futures dipped below $1,330 per ounce on Thursday, reversing some of the gains from the previous session, as investors adopted a cautious stance ahead of the Federal Reserve's annual Jackson Hole symposium. Market participants are keenly focusing on remarks from Fed Chair Jerome Powell for any indications as to whether the policymakers might counter the expectations for imminent easing measures. The minutes from the Fed’s July meeting indicate that most officials remain more concerned about inflation than potential risks to the labor market, with tariff issues causing further division within the committee. Additionally, the easing of geopolitical tensions related to peace talks in Ukraine, along with a reduction in fears of a global trade war, has further decreased the demand for precious metals as safe-haven assets. Nevertheless, concerns about the supply side continue to support prices, as ongoing disruptions in South Africa's mining sector are anticipated to limit output this year.